WINNIPEG, Manitoba--The ICE Futures canola market continued to show weakness on Thursday while there was overall mixed sentiment in comparable oils.
Chicago soyoil was lower along with European rapeseed. However, Malaysian palm oil was mixed. After early declines due to economic growth concerns and a 7.6 million barrel increase in U.S. commercial stockpiles according to the American Petroleum Institute, crude oil rebounded to make modest gains.
At mid-afternoon, the Canadian dollar was down more than one-tenth of a United States cent compared to Wednesday's close.
About 35,940 canola contracts were traded on Thursday, which compares with Wednesday when 37,480 contracts changed hands. Spreading accounted for 19,334 of the contracts traded. Settlement prices are in Canadian dollars per metric tonne.
Price Change
Mar 826.70 dn 10.00
May 825.90 dn 10.00
Jul 827.00 dn 10.40
Nov 807.40 dn 10.40
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Prices Volume Mar/May 1.80 over to 0.00 under 5,963 Mar/Jul 1.00 over to 0.90 under 321 Mar/Nov 20.00 over 5 May/Jul 0.20 under to 1.50 under 2,041 May/Nov 19.10 over 3 Jul/Nov 22.00 over to 19.00 over 1,317 Nov/Jan 2.70 under to 3.40 under 11 Jan/Mar 0.50 under to 2.30 under 6
Source: Commodity News Service Canada
Write to Adam Peleshatya at news@marketsfarm.com
(END) Dow Jones Newswires
01-19-23 1523ET
